QNB Group has been recognised by Global Finance Magazine as ‘The World's Best Bank for Emerging Markets in 2024’, recognising its market-leading capabilities and robust presence in these markets.
The recognition underscores QNB 's commitment to developing its global network through the world's fastest growing markets in the Middle East and Africa, Asia, and Europe thanks to its expertise and regional outreach to support growth of its clients in multiple markets.
As a key market leader across 28 countries in three continents, QNB Group is renowned for its innovative solutions and expertise to provide best-in-class services for its clients and facilitate optimized funding lifecycles for corporate clients, empowering them to achieve growth.
QNB’s strategy focused on core wholesale banking business and constantly improving its approach to risk management led to significant growth in both local market and the Middle Eastern, African and Southeast Asian market.
QNB’s digital transformation optimised its business operations while it continued to gain market share in Middle East, Africa, and Southeast Asia (MEASEA) region.
Commenting on this achievement, Khalid Ahmed al-Sada, senior executive vice-president, QNB Group Corporate and Institutional Banking, said: “The importance of emerging economies for global development is likely to increase further over time. QNB has consistently emerged as a leading bank for these markets supported by its global outreach and expertise towards achieving its vision to become a leading bank in the MEASEA region.
This recognition not only showcases QNB’s market-leading capabilities but also underscores our dedication to delivering innovative products even in traditional markets to empower our clients to achieve growth and scale in an ever-changing market.”
Winners were selected based on performance over the past year and other criteria including reputation and management excellence. Global Finance’s editorial board made the selections with input from corporate financial executives, analysts and bankers throughout the world.
The annual World’s Best Banks are in their 26th year and considered to be among the “most prestigious” in the financial services industry.
